Product Information

• Created By Otto von Nostitz
• Created On : Nov 29, 2018
• Views : 948
• Category : Education Products » Books
• Description : A user-friendly presentation of the essential concepts and toolsfor calculating real costs and profits in personal finance Understanding the Mathematics of Personal Financeexplains how mathematics, a simple calculator, and basic computerspreadsheets can be used to break down and understand even the mostcomplex loan structures. In an easy-to-follow style, the bookclearly explains the workings of basic financial calculations,captures the concepts behind loans and interest in a step-by-stepmanner, and details how these steps can be implemented forpractical purposes. Rather than simply providing investment andborrowing strategies, the author successfully equips readers withthe skills needed to make accurate and effective decisions in allaspects of personal finance ventures, including mortgages,annuities, life insurance, and credit card debt. The book begins with a primer on mathematics, covering thebasics of arithmetic operations and notations, and proceeds toexplore the concepts of interest, simple interest, and compoundinterest. Subsequent chapters illustrate the application of theseconcepts to common types of personal finance exchanges,including: Loan amortization and savings Mortgages, reverse mortgages, and viatical settlements Prepayment penalties Credit cards